v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill The carrying amounts of goodwill as of June 28, 2026 and December 28, 2025 by reportable segment are as follows (in millions):
As of June 28, 2026
KGSUSTotal
Gross value$985.9 $138.6 $1,124.5 
Less accumulated impairment239.5 13.8 253.3 
Net$746.4 $124.8 $871.2 
As of December 28, 2025
KGSUSTotal
Gross value$710.4 $138.6 849.0 
Less accumulated impairment239.5 13.8 253.3 
Net$470.9 $124.8 $595.7 
The following table is a summary of preliminary goodwill (in millions):

KGSUSTotal
Beginning balance as of December 28, 2025
$470.9 $124.8 $595.7 
Acquisition of Orbit Technologies, Ltd.187.5— 187.5 
Acquisition of Nomad Global Communication Solutions, Incorporated.88.0— 88.0 
Ending balance as of June 28, 2026
$746.4 $124.8 $871.2 
Schedule of Finite-Lived Intangible Assets
Based on the Company’s preliminary estimate of fair value as of March 2, 2026, the identifiable intangible assets include the amounts in the following table ($ in millions):

IntangibleEstimated LifeValue
Customer relationships
1024.7 
Contracts and backlog
221.5 
Developed technology
59.9 
Trade names
758.7 
Total$114.8 
Based on the Company’s preliminary estimate of fair value as of February 11, 2026, the identifiable intangible assets include the amounts in the following table (in millions):

IntangibleEstimated LifeValue
Customer relationships
746.0 
Developed technology
921.0 
Trade names
80.9 
Total$67.9 
The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 
As of June 28, 2026As of December 28, 2025
Gross
Value		Accumulated
Amortization		Net
Value		Gross
Value		Accumulated
Amortization		Net
Value
Acquired finite-lived intangible assets:
Customer relationships$157.4 $(73.0)$84.4 $86.7 $(68.2)$18.5 
Contracts and backlog76.0 (53.3)22.7 54.5 (47.7)6.8 
Non-compete Agreements
0.5 (0.1)0.4 0.5 (0.1)0.4 
Developed technology and technical know-how66.0 (33.0)33.0 35.1 (30.8)4.3 
Trade names64.1 (6.6)57.5 4.4 (3.5)0.9 
In-process research and development16.8 (0.9)15.9 16.8 (0.7)16.1 
Total finite-lived intangible assets380.8 (166.9)213.9 198.0 (151.0)47.0 
Indefinite-lived trade names6.9 — 6.9 6.9 — 6.9 
Total intangible assets$387.7 $(166.9)$220.8 $204.9 $(151.0)$53.9 
Schedule of Intangible Assets (Indefinite-Lived)
The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 
As of June 28, 2026As of December 28, 2025
Gross
Value		Accumulated
Amortization		Net
Value		Gross
Value		Accumulated
Amortization		Net
Value
Acquired finite-lived intangible assets:
Customer relationships$157.4 $(73.0)$84.4 $86.7 $(68.2)$18.5 
Contracts and backlog76.0 (53.3)22.7 54.5 (47.7)6.8 
Non-compete Agreements
0.5 (0.1)0.4 0.5 (0.1)0.4 
Developed technology and technical know-how66.0 (33.0)33.0 35.1 (30.8)4.3 
Trade names64.1 (6.6)57.5 4.4 (3.5)0.9 
In-process research and development16.8 (0.9)15.9 16.8 (0.7)16.1 
Total finite-lived intangible assets380.8 (166.9)213.9 198.0 (151.0)47.0 
Indefinite-lived trade names6.9 — 6.9 6.9 — 6.9 
Total intangible assets$387.7 $(166.9)$220.8 $204.9 $(151.0)$53.9 
Schedule of Future Amortization Expense of Acquired Intangibles
The estimated future amortization expense of acquired intangible assets with finite lives for the remainder of 2026 and the next five fiscal years, and thereafter as of June 28, 2026 is as follows (in millions):
Amount
2026
$21.3 
2027
40.2 
2028
29.2 
2029
27.5 
2030
27.0 
2031
25.2 
Thereafter
43.5 
     Total
$213.9